New York, September 6th (TradersHuddle.com) - Shares of Sohu.com Inc. (NASDAQ:SOHU) closed the trading session at $76.16 near its 50 day and 200 day moving averages currently set at $77.65 and $79.33 respectively. Sohu's price action is below these important levels, which makes the stock difficult to buy, as there will certainly be resistance as it approaches these important moving averages.

Sohu.com Inc. (NASDAQ:SOHU) operates an Internet portal in China. The Company's Web site consists of Chinese language Web navigational and search capabilities, Web-based communications services, and a platform for e-commerce services.

Latest price action range, defined by a peaks and troughs algorithm placed calculated support at $68.50 and calculated resistance at $83.81. These levels should be watched by traders, as they provide insight into the latest price dynamics in Sohu.com shares.

Traders should evaluate their options if they want to establish a position on Sohu.com given the heavy resistance expected near the 50 and 200 day moving averages. A trade might be evident as the stock manages to break these moving averages, however until the break materializes buying the stock is nothing different than flipping a coin. Other levels that traders will closely evaluate are the ones defined by the peak and troughs algorithm that provides great price level reference points.